CorVel announced that Guidewire ClaimCenter users can start and manage its managed-care services within the claims system, sharing injury details and receiving updates without re-entering data. It named no adopting carriers or projected revenue.
CorVel reported Aug. 5 that revenue for the quarter ended June 30 rose 11% year over year to $260 million. Gross profit increased 19% to $67.8 million, with a 26% gross margin, and earnings per share rose to $0.63 from $0.52. CorVel ended the quarter with $256 million in cash and no borrowings after repurchasing $21.8 million of stock.
